ANTM revenue jumped 46.78% in Q3 2021

PT Aneka Tambang Tbk (ANTM) reported sales of IDR 26.47 trillion in Q3 2021, proliferating 46.78% from the same period in 2020 of IDR 18.03 trillion. The increased revenue was supported by the growing sales from gold and nickel ores in the domestic market.

In its Financial Report of Q3 2021 published earlier today (12/11), Dana Amin, President Director of Aneka Tambang, announced that the mining products contributed IDR 26.33 trillion to the sales and revenue, while the mining services brought in IDR 143.65 billion.

The most extensive contributor to mining products sales was gold products by IDR 17.67 trillion. Then, ferronickel followed with IDR 4.34 trillion, and nickel ores came next with IDR 3.25 trillion, alumina IDR 638.06 billion, bauxite ores IDR 321.18 billion, silver IDR 90.92 billion, coal IDR 11.75 billion, and other precious metals IDR 526.56 million. On the other hand, the precious metal refinery services and other services covered IDR 143.65 billion of the revenue.

In terms of the market, sales within the domestic market dominated with IDR 20.58 trillion, compared to export sales of IDR 5.88 trillion in Q3 2021. In comparison, in the same period last year, the domestic and export sales only reached IDR 12.68 trillion and IDR 5.35 trillion.

From Q3 2020 to Q3 2021, ANTMs gross profit and operating profit each increased by IDR 2,90 trillion and IDR 1.44 trillion, arriving at IDR 5.13 trillion and IDR 2.34 trillion, respectively. Finally, its current year profit proliferated 104.79%, hitting IDR 1.71 trillion from IDR 835.77 billion in the same period last year.

 

Source: https://www.idnfinancials.com/news/41213/antm-revenue-jumped-q